Company Law

MCA which on 28th April 2015 vide its webcast announced the introduction of a new eform 29 for filing application for registering a company has released the same today. So now instead of filing eforms...

MCA vide notification dated 1st May, 2015 has issued Companies (Incorporation) Amendment Rules, 2015 to amend the Companies (Incorporation) Rules 2014. The detail of the said amendment is set forth as...

As per Rule 2 sub rule 1 clause vii of the Companies (Acceptance of Deposits) Rules, 2014 “Any amount received from a person who, at the time of receipt of the amount, was director of the Company, wil...

Meaning: Corporate social responsibility may be referred to as “corporate citizenship” and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but...

The useful life of an asset shall not be longer than the useful life specified in Part ‘C’ and the residual value of an asset shall not be more than five percent of the original cost of the asset. Pro...

Every individual intending to be appointed as director of a company shall make an application for allotment of Director Identification Number to the Central Government in such form and manner and alon...

Be Cautious: Professional Indemnity Insurance is Must after Companies Act 2013 Professional Indemnity Insurance provides essential financial protection for a wide range of professional adviser’s. In t...

How to Surrender Director Identification Number (DIN) Provisions related to Director Identification Number (DIN) Under Companies Act, 1956 and Under Companies Act, 2013 Companies Act, 1956 As per Sect...

ANNOUNCEMENT AUDITOR’S REPORT ON CONSOLIDATED FINANCIAL STATEMENTS UNDER THE COMPANIES ACT, 2013 The Auditing and Assurance Standards Board, under the authority of the Council, has already issued the...

QUALIFIED OPINION Note: The following illustrative format is based on the assumptions that: The Group has: Certain components which have been audited by auditor/s other than the Principal Auditor and...

CLEAN OPINION Note: The following illustrative format is based on the assumptions that: The Group has: Certain components which have been audited by auditor/s other than the Principal Auditor and such...

GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi 1st May, 2015 G.S.R -ln exercise of the powers conferred by section 3, section 4, sub-sections (5) and (6) of section 5, sectio...

Law(s) Governing the eForm- In pursuance of sections 4,7,12,152 and 153 of the Companies Act, 2013 read with rules made there under) Purpose of the eForm – eForm INC-29 deals with the single applicati...

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi 1st May, 2015 G.S.R -In exercise...

MCA which on 28th April 2015 vide its webcast announced the introduction of a new eform 29 for filing application for registering a company has released the same today. MCA vide Notification dated 01....

The Ministry of Corporate Affairs has introduced a new integrated e-form INC-29 w.e.t 1st May. 2015. INC-29 will provide applicants a facility to avail of the following services through a single e-for...

Section 165 of Companies Act, 2013 which comes into effect from 1st April 2014 provides that a person cannot hold directorship in more than 20 Companies and out of these 20 he cannot be Director in mo...

The Companies Act, 2013 has introduced many new reporting requirements for the statutory auditors of companies. One of these requirements is given under the sub-section 12 of Section 143 of the Compan...

As one of the biggest reform in the process of setting up company in India, MCA today in its webcast announced the introduction of a new eform INC-29, for filing application for registering a company....

Investment/Loan/Guarantees/Security Under Companies Act, 2013 Q1. Whether investment can be made in the name other than Company? No, Investment can’t be made in the name other than Company until compl...